Personal Finance Challenge

The  Personal Finance Challenge (PFC) is a nationwide competition that offers high school students the opportunity to build and demonstrate their knowledge in the concepts of earning income, spending, saving, investing, managing credit, and managing risk.     In the first round of the PFC, student teams compete in a fun online 30-question challenge. High-scoring student teams are invited to their state finals.  State champions proceed to the National competition, where teams use their knowledge to create a financial plan for a fictitious family scenario. The top 16 teams in the National Finals will advance to compete for the national championship title in a Quiz Bowl.  

Earning Income

How it’s generated and how factors such as taxes, interest rates, and inflation impact income.

Spending

Buying goods and services by examining personal budgets, expenses, and income.

Saving

Analyzing compound interest and financial institutions and services.

Managing Credit

Credit reports, credit scores, and decision-making through consumer credit.

Investing

Various investment instruments, including stocks, bonds, and mutual funds. Students will also understand the concepts of risk and return and time horizon.

Managing Risk

Different types of insurance and vigilance against common scams and identity theft.